The British Toy & Hobby Association (BTHA) and Circana presented their annual industry insights at London's Toy Fair, held at Olympia London from the 21st to 23rd January 2025. While the UK economy may have continued to present a challenging picture during 2024, figures released by Circana show that the UK toy market remained resilient, generating £3.4billion in overall sales, which was bolstered by a surge of Christmas sales (up 51 percent) in the week leading up to Christmas. While sales in 2024 may have been down by 3.7 percent, several toy categories achieved growth in 2024, adding to the positive trajectory.
Posted: 23 January 2025
The global spotlight is on India's textile industry, which skilfully weaves centuries-old traditions with cutting-edge innovation.
As one of the largest textile producers globally, India is poised to solidify its leadership amidst growing demand for sustainability, high-performance fabrics, and competitive supply chains. With the industry projected to grow to USD 350 billion by 2030 and expected to add 35 million new jobs, India's textile sector is at the forefront of shaping a massive economic and employment expansion.
India's textile industry, a cornerstone of the economy, contributes 2.3% to the GDP and employs over 45 million people directly, with an additional 55 million indirectly involved across the value chain.
Posted: 23 January 2025